Dogecoin (DOGE) Analyst Cas Abbé Expresses Optimism, Predicts 'One Final Leg Up' Fueled by Elon Musk and D.O.G.E Department Hype

A widely followed cryptocurrency analyst expressed optimism on Monday that Dogecoin DOGE/USD would experience one "final leg up," potentially lifting the dog-themed meme coin closer to all-time highs.

A cryptocurrency analyst expressed optimism on Monday that Dogecoin (CRYPTO: DOGE) will experience one "final leg up," potentially lifting the dog-themed meme coin closer to all-time highs.

Here's what's happening: In an X post, Cas Abbé said that Dogecoin's current market conditions feel like those seen in the first half of 2021, when the meme coin exploded to highs of $0.70.

"I think the next DOGE run will be fueled by Elon and D.O.G.E department hype," the analyst said, referring to Elon Musk's ambitious cost-cutting effort that plays on the meme coin's popularity.

$DOGE still has one final leg up left

The current pattern feels similar to Q1-Q2 2021 when $DOGE pumped to $0.7

I think the next DOGE run will be fueled by Elon and D.O.G.E department hype

What's your peak price target for $DOGE in 2025?

Another well-known trader, Carl Moon, believes that Dogecoin could break out of the falling wedge pattern and potentially rise to $0.44 if it survives the ongoing sell-off.

A falling wedge is a bullish pattern that suggests potential upward price movement and trend reversal.

$DOGE is literally sitting on the support right now! IF it survives the market drop, it has all the chances to break out of this 1D falling wedge! The target is $0,44🎯

Trade #DOGE on Bitunix – https://t.co/GzXaATj3Ps and get a free $100 after your first $500 deposit!

Meanwhile, influential cryptocurrency market commentator Ali Martinez noted that Dogecoin has broken down from a symmetrical triangle pattern, targeting a move to $0.197.

#Dogecoin $DOGE broke out of a symmetrical triangle, targeting $0.197! pic.twitter.com/7pQ2pcXCTs

These projections come amid a sharp drop in the cryptocurrency market, fueled by President Donald Trump's tariff threats and fears of potential liquidation of hacked funds from cryptocurrency exchange Bybit.

DOGE Price Action: Dogecoin is trading at $0.2115 at the time of writing, down 8.50% in the last 24 hours and over 40% in a month, according to data from Benzinga Pro.

Large DOGE transactions, valued at over $100,000, jumped 41% in the last 24 hours, according to IntoTheBlock, while supply held by long-term holders dipped 0.88%, suggesting that investors were cashing out.

Here's a snapshot of the key levels for Dogecoin, according to data from Benzinga Pro:

Resistance levels: $0.22, $0.23, $0.24

Support levels: $0.20, $0.19, $0.18

Photo: Kanchanara via Shutterstock